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Nov 18, 2013
11/13
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obama care in the headlines today. there's a lot of issues regarding obama care that aren't true, a lot of issues regarding normalization and the fed and janet yellen and some of the things she said that shy don't see. something you never had before is going to present an exit that's quantifiable or transparent. like obama care, we can make ex-excuses but next time you have an issue with bureaucracy or you missed a deadline, or i'm sorry, people below me, my accountant, excuses are a one-way street when the government's at one end and private citizens at the other. let's have less collateral damage, more marshal normalization. i think the markets are rising to the occasion, most likely it's not a pretty normalization for interest rates. back you. >> thank you, rick santelli. it's tweet time. microsoft's steve ballmer calling himself an emblem of an old era. perhaps he's being too tough on himself. what monica should ballmer give himself. we'll air your responses throughout the morning. tdd# 1-800-345-2550 searching for
obama care in the headlines today. there's a lot of issues regarding obama care that aren't true, a lot of issues regarding normalization and the fed and janet yellen and some of the things she said that shy don't see. something you never had before is going to present an exit that's quantifiable or transparent. like obama care, we can make ex-excuses but next time you have an issue with bureaucracy or you missed a deadline, or i'm sorry, people below me, my accountant, excuses are a one-way...
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Nov 14, 2013
11/13
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he says you can't trust the white house on this issue, doesn't think you can fix obama care, although he is pushing a piece of legislation that will be on the floor tomorrow that would purport to change the law, although it would severely undercut the viability of the law going forward, which is why democrats are going to oppose it. so the president, you know, has a huge mess on his hands. he's trying to figure out a way to diminish some of the political resistance to that with the announcement today. we'll have to see all of the details from the administration to know whether, in fact, it will change anything. in a significant way. or whether it's just cosmetic. but the president has some flexibility under the law, we just don't know how much. >> you mentioned boehner's statement, as well, john. and we do have that piece on tape. let's take a listen to what the speaker said about the president's move earlier this morning. >> -- promise after promise from this administration has turned out to be not true. so when it comes to this health care law, the white house doesn't have much cred
he says you can't trust the white house on this issue, doesn't think you can fix obama care, although he is pushing a piece of legislation that will be on the floor tomorrow that would purport to change the law, although it would severely undercut the viability of the law going forward, which is why democrats are going to oppose it. so the president, you know, has a huge mess on his hands. he's trying to figure out a way to diminish some of the political resistance to that with the announcement...
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Nov 15, 2013
11/13
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it's another big day for obama care. the house is set to vote on its own fix to help people who lost coverage under the health care law, while the president meets with ceos of health insurance companies to talk about the fix he proposed yesterday. what is the way forward for obama care? we'll talk to a congressman on capitol hill and speak with a former cto of the u.s. >>> plus, a big ipo this morning. shares of children's clothing website zhu lily are set to open any minute. we'll talk to the ceo later this hour. >>> and sony playstation 4 is officially on sale everywhere. the lines have been long. with microsoft's new console out next week, which one will bring in the best sales this holiday season? we'll look at all of that. >>> but we begin with obama care. later today, president obama meeting with ceos of insurance companies. this, a day after announcing a plan to help people's whose policies were cancelled under the new law stay on the policies. our own john harwood saying insurance executives are saying the change
it's another big day for obama care. the house is set to vote on its own fix to help people who lost coverage under the health care law, while the president meets with ceos of health insurance companies to talk about the fix he proposed yesterday. what is the way forward for obama care? we'll talk to a congressman on capitol hill and speak with a former cto of the u.s. >>> plus, a big ipo this morning. shares of children's clothing website zhu lily are set to open any minute. we'll...
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Nov 1, 2013
11/13
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that's apparently how many people were able to sign up for the obama care exchanges day one. we'll look at what this means for the future of the law. >>> maybe we should listen to teenagers when it comes to facebook. a few months ago, a teen wrote, "i'm 13, and none of my friends use facebook." she'll be here to tell us why facebook isn't cool anymore. >>> the numbers for obama care are not pretty. according to document, only six people -- six -- were able to enroll in obama care on day one. those dismal numbers have people taking a closer look at the organization running the program. that is the centers for medicare and medicaid services. our eamon has more on that story. >> reporter: hey, carl. centers for medicaid and medicare services oversee them across the country, and it's an agency that's really dealt with challenges in terms of its own management mistakes, and, also, massive fraud over the years against medicare and medicaid by people all across the country. the agency struggled with both of those things. take a look here at some of the headlines from the inspector g
that's apparently how many people were able to sign up for the obama care exchanges day one. we'll look at what this means for the future of the law. >>> maybe we should listen to teenagers when it comes to facebook. a few months ago, a teen wrote, "i'm 13, and none of my friends use facebook." she'll be here to tell us why facebook isn't cool anymore. >>> the numbers for obama care are not pretty. according to document, only six people -- six -- were able to enroll...
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Nov 22, 2013
11/13
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i want to talk about the affordable care act, otherwise known as obama care. particularly of interest to you because you're a huge owner of a lot of health care related stocks but particularly hospitals, one of the biggest owners out there, whether it's tenet or hma or hca. it's a terrible launch for obama care to say the least. >> yes. >> reporter: what does it mean in terms of the way you view your portfolio, particularly the way it relates to the hospital stocks? >> for investors, it's our job to interpret the policy rather than make public policy. our view is not to say what the policy should be but how it will play out. if you compare the launch to what happened when medicare part d was introduced in 2006, prior to that seniors didn't have reimbursement for pharmaceuticals. when part d launched, there were problems with the system, the public's attitude toward it was exceedingly negative. people thought it was a broken bill and two years later 71% of americans had a very positive view of medicare part d and the most important thing was that the seniors di
i want to talk about the affordable care act, otherwise known as obama care. particularly of interest to you because you're a huge owner of a lot of health care related stocks but particularly hospitals, one of the biggest owners out there, whether it's tenet or hma or hca. it's a terrible launch for obama care to say the least. >> yes. >> reporter: what does it mean in terms of the way you view your portfolio, particularly the way it relates to the hospital stocks? >> for...
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Nov 26, 2013
11/13
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if you're obama, i think you're watch being the show -- probably not. but if you are, i think you'd be saying we didn't raise taxes high enough, these people are still spending! man, they spend like mad. >> we talk about it as many times being a result of the outgoing fed chairman. they were just talking about him on "squawk on the street." >> these are tiffany cuff links. i'm feeling it. we have the first amendment and we defend it in our country. >> we don't typically put squour journalists in jail. occasionally we do, which is a bit scary. >> the obama administration, they haven't been particularly kind of journalists. >> i want to speak out in favor of journalism. >> we can get to watch incredibly brave people in countries they would not believe. >> we stand up to ackman and icahn and these people stand up to tyrants and their families go to jail. that's the way it goes in other countries. >> we don't do that. anything in retail we should be looking at? >> container store starts with buys. remember vince the other day? there is just an allure to spe
if you're obama, i think you're watch being the show -- probably not. but if you are, i think you'd be saying we didn't raise taxes high enough, these people are still spending! man, they spend like mad. >> we talk about it as many times being a result of the outgoing fed chairman. they were just talking about him on "squawk on the street." >> these are tiffany cuff links. i'm feeling it. we have the first amendment and we defend it in our country. >> we don't...
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Nov 19, 2013
11/13
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attorney four years ago by president obama. this includes the l.a. county, and in between the epicenter of the foreclosure crisis. down the road is stockton, which had the worst foreclosure rate in the nation as the housing bubble exploded. one in ten homes reportedly went under. many of the mortgages which went bad were from washington mutual, the bank jpmorgan took over and continues to pay aheavy price for. wagner recently told the "sacramento bee" he loves the challenge of the complex financial cases, quote, big white-collar crime is the most challenging, the most interesting, and the psychology of the defendants is fascinating. it's very rewarding. by the way, growing up, his father retired from jpmorgan. we are told that is merely coincidental. guys, when the press conference happens, we will be there. back to you. >> all right, jane, rewarding in more ways than one as we wait for details on the consumer relief aspect. jane wells for us in california. thanks. >>> we should mention, as well, the banks are higher, jpmorgan adding 1%. bank of amer
attorney four years ago by president obama. this includes the l.a. county, and in between the epicenter of the foreclosure crisis. down the road is stockton, which had the worst foreclosure rate in the nation as the housing bubble exploded. one in ten homes reportedly went under. many of the mortgages which went bad were from washington mutual, the bank jpmorgan took over and continues to pay aheavy price for. wagner recently told the "sacramento bee" he loves the challenge of the...
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Nov 27, 2013
11/13
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it's obama's fault. might get a tax. i don't know. >> reporter: are you excited about the holiday? >> i am excited because i'm here. can you kidding? it's been 6 degrees in michigan. >> reporter: all right. the second trend i'm seeing is pushback about shopping tomorrow. the retail federation says about 7 million fewer people are going to shop over the four-day weekend than last year, even though many stores are open on thanksgiving. most people here say they will not shop tomorrow and i got hilarious responses on twitter when i asked the question i'd rather what than going shopping on thanksgiving. "i'd rather judge a retirement home twerking contest, "i'd rather be a tech on the obama care web site," and "i'd rather volunteer as a tribute". a lot of those people will be shopping online, not actually in the stores. >> very true, jane. wow, some interesting responses to that one. jane wells in california for us. thank you. >> it's also a big weekend for the movies. "hunger games" already catching fire. but what are the big blockbusters to watch for the season in joining us is richa
it's obama's fault. might get a tax. i don't know. >> reporter: are you excited about the holiday? >> i am excited because i'm here. can you kidding? it's been 6 degrees in michigan. >> reporter: all right. the second trend i'm seeing is pushback about shopping tomorrow. the retail federation says about 7 million fewer people are going to shop over the four-day weekend than last year, even though many stores are open on thanksgiving. most people here say they will not shop...
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Nov 20, 2013
11/13
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about obama care. today, jason furman, chairman of the economic advisors, published a report which tried to take credit for some of the positive news in health care, which is about the cost and price of health care. if you look, according to the report, the jason furman briefed us on moments ago, over the last three years, total national spending per capita on health care has risen at only a rate of 1.3% beyond inflation. that is much more moderate than at any three-year period since we began measuring in 1965. there's big debate over the source of the slowdown in health costs. some people attribute it to cyclical effects of the economic slowdown in general. other people attribute it in part to the changes from the affordable care act, and that's what jason furman was pressing, year-to-year price inflation in health care, the cost of specific health care services, is now running just 1%. and that translates into lower costs. if it is sustained for a private individual, for individuals buying health car
about obama care. today, jason furman, chairman of the economic advisors, published a report which tried to take credit for some of the positive news in health care, which is about the cost and price of health care. if you look, according to the report, the jason furman briefed us on moments ago, over the last three years, total national spending per capita on health care has risen at only a rate of 1.3% beyond inflation. that is much more moderate than at any three-year period since we began...
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Nov 25, 2013
11/13
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whether looking at obama care or regulations that i'm discussing now, there's four letters that make it all interesting. costs, that's why there's an avoidance there. but in the end, the global dynamics of trying to regulate markets when you have offshore facilities to usurp some of the rules it means it's going to be more difficult to monitor the market and much of the anxiety over what caused '08 may continue to move on. >> thank you. >>> days away from black friday and critics are taking aim at target via twitter. what they're saying to the retailer. (vo) you are a business pro. maestro of project management. baron of the build-out. you need a permit... to be this awesome. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. (aaron) purrrfect. (vo) meee-ow, business pro. meee-ow. go national. go like a pro. >>> welcome back to "squawk on the street." shares of dialysis companies are on the move. a couple big names, davita, fresenius, reducing payments to provide
whether looking at obama care or regulations that i'm discussing now, there's four letters that make it all interesting. costs, that's why there's an avoidance there. but in the end, the global dynamics of trying to regulate markets when you have offshore facilities to usurp some of the rules it means it's going to be more difficult to monitor the market and much of the anxiety over what caused '08 may continue to move on. >> thank you. >>> days away from black friday and critics...
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Nov 21, 2013
11/13
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obama administration adviser arguing the only way to revamp the home loan market is through what he calls rapid -- this is what he told us a week ago. >> we want to invest in the future. housing finance is most critical to the american dream and the government wants private capital to invest. we and other owners want to invest. so we are ready. americans want progress now so do owners. and we are ready. so let's move forward and let's do it. >> apparently the administration not ready to consider that kind of a plan in which they feel like you would still create a too big to fail entity that would have an implied government guarantee. we will see where we end up on this. we are coming close to the next payment where we will have taken in more than the $188 billion we spent to bail them out. >> was a good business. insurance business was good that they had. they bought a lot of stuff. they tried to compete against the banks. thin margins. >> i would say that senator corkern's office has done a lot of work. this is a momentum stock. and i thought that gene spurling from goldman sachs said yo
obama administration adviser arguing the only way to revamp the home loan market is through what he calls rapid -- this is what he told us a week ago. >> we want to invest in the future. housing finance is most critical to the american dream and the government wants private capital to invest. we and other owners want to invest. so we are ready. americans want progress now so do owners. and we are ready. so let's move forward and let's do it. >> apparently the administration not...